TEHRAN, Jan. 18 (MNA) – The British Lloyd's Register Group has canceled one sanction against Iran’s oil industry by issuing certificates for commute of Iranian oil tankers to the ports and oil terminals of European Union.

Managing Director of National Iranian Tanker Company (NITC) Ali Akbar Safaei pointed out the official removal of the first sanction on Iran’s oil industry in the field of marine transport of crude oil and petroleum products; “Iranian tankers will now travel under the license of British Lloyds international classification institution.”

Safaei referred to Lloyd's readiness to issue certificates for Iranian tankers asserting “the lifting of sanctions has exerted its first influence on Iranian tankers.”

The official stressed that negotiations on further equipping of Iran’s tanker fleet have begun with various insurance companies, financers, classification institutions as well as spare part providers; “the Iranian fleet is fully ready for the increase in crude oil production and exports to the global market.”

NITC managing director also expressed readiness to return to the European Union’s ports and oil terminals saying “soon, a number of Iranian oil tankers will leave for Europe in order to cooperate with the world’s oil giants.”